UNITED PARK CITY MINES OFFERING APPROVED

United Park City Mines officials are announcing that the registration statement covering a previously announced rights offering has been declared effective by the Securities and Exchange Commission.

The company's board of directors said the record date of the rights offering will be Feb. 15 and the expiration date March 25. They anticipate prospectuses and subscription warrants will be mailed Feb. 21 to stockholders of record on the close of business Feb. 15.